Inflation Expectations Tick Down in June
The average one-year inflation expectation eased slightly in June, while the three-year inflation expectation remained unchanged for the second month in a row. Consumer confidence remains restrained but is gradually improving from its record low in March, showing resilience in the face of continued economic uncertainty.
With the Canada-U.S. trade relationship continuing to develop, extending the current economic disruption, what factors account for the modest rebound in consumer confidence? How have consumer spending intentions been affected, and are the expected tariff impacts on prices beginning to take hold, particularly on durable goods, gasoline, and shelter? What drivers are easing some concerns over near-term inflation?
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